Serious question: Why do my debit transactions clear in like 1-2 days but checks take like 2 weeks? nt

February 09, 2010 04:30PM
Subject Author Posted

Serious question: Why do my debit transactions clear in like 1-2 days but checks take like 2 weeks? nt

Rade February 09, 2010 04:30PM

It allows the banks to make money

daurwyn(VIP) February 10, 2010 01:24PM

Yah, banks also make money on deposits by purchasing bonds etc.

The Forsaken(VIP) February 11, 2010 10:59AM

Still find it funny that you use checks.

asthiss February 09, 2010 09:59PM

Some things can still only be done with checks or cash

Rade February 11, 2010 02:38PM

You don't even have to do wire transfers anymore, individuals can set up ACH payments. nt

The Forsaken(VIP) February 10, 2010 05:16AM

You can speak to a representative to fix that...

astillian(VIP) February 09, 2010 07:56PM

Probably because debit is done electronically and checks are paper

Stevers February 09, 2010 04:33PM

Not anymore.

The Forsaken(VIP) February 10, 2010 05:16AM



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